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Cryptopolitan 2023-06-16 11:57:58

OKCoin’s US subsidiary warned by FDIC for misleading insurance claims: what you need to know

The US Federal Deposit Insurance Corporation (FDIC) has issued a public warning regarding OKX’s American crypto exchange subsidiary, raising concerns about the company’s misleading claims. In a letter addressed to OKCoin’s CEO Hong Fang, the FDIC highlighted instances where the firm misrepresented itself as insured by a well-known US financial institution regulator. The FDIC singled ... Read more

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